The Finance Law 2027 (PLF2027), approved by the Council of Ministers, proposes the establishment of a new independent authority for insurance regulation in Algeria, to be called the Insurance Regulatory and Supervisory Authority.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) is carrying out data-driven audits to detect discrepancies between the declared number of branches and the actual transaction locations, as well as unregistered commission distribution.
The Insurance Regulatory Unit (IRU) has held a coordination meeting with the Ministry of Interior to discuss mechanisms for enhancing compliance with the provisions of the Insurance Regulation Law, executive regulations and decisions, in addition to other laws and legislation related to the insurance sector.
Sedgwick has appointed Mr Chris Gibson as Managing Director, Middle East, leading the region.
Thailand's regulator, the Office of Insurance Commission (OIC), is now enhancing the readiness of the insurance industry in the face of rising cyber threats, including digital attacks, the use of AI to discover vulnerabilities, attacks through external service providers and risks arising from increasingly interconnected digital ecosystems.
Hong Kong's insurance regulator, the Insurance Authority (IA), has published its latest edition of Conduct In Focus.
The Monetary Authority of Singapore (MAS) has issued its Guidelines on Artificial Intelligence (AI) Risk Management to support responsible AI adoption in Singapore's financial sector, as AI technologies are developing rapidly and being adopted in financial services with increasing scale and sophistication. The Guidelines took effect on 7 October 2027.
The DIFC Insurance Association (DIFCIA) has announced the appointment of Mr Ahmed Rajab, Founder and CEO of SHIELDS Miller (formerly SHIELDS Reinsurance Brokers), as Chairman of the Association.
The Financial Regulatory Authority (FRA) has directed insurance companies to enhance the disclosure and transparency of insurance policies that include investment strategies related to gold or other investment assets, to ensure clarity regarding the nature of insurance products, the benefits and risks to customers.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has expanded its "My Private Insurance" page on the e-Government platform.